Hi
II'mm wondering what's peoples advice. I have the option of either being self employed or going on someone's books as PAYE. Being self employed means I can save more money however in the next few years I'd like to buy again. Is it better to go on the PAYE route for the sake of mortgage approval in say 3 years or stay self employed and try to pay down as much as possible of my current mortgage which has 100k left?
If the option to become an employee is open-ended, you could remain self-employed for two years and then become an employee a year before applying for a mortgage. It's easier to get a mortgage as a PAYE employee.
Yeah fair point- stay self employed until I need a mortgage. Maximise the savings. Does anyone know how long as a PAYE is required to be successful with a mortgage application? Is it possible with 6months or less?